Chief Financial Officer

The one year Euribor has closed last July at 1,373%, very close to the value marked in the same month of 2009, stood at 1,412%. The difference cheaper a mortgage that is check in August, for an amount of 150,000 and a repayment term of 25 years, approximately 3 euros per month, about 30 euros per year. According to experts, the indicator will continue to rise in a more pronounced manner from now until quote above 1.44% next month of October. Economic Cycles Research Institute insists that this is the case. Analista de Renta 4, Nuria alvarez highlight the rise in the Euribor can be negative in the short term for the range of interests of financial institutions, because the cost of liabilities as deposits, reprecia before the asset. The recent publication of the results of the European banking stress has a little opened the markets mayorsitas for the Spanish Treasury and financial institutions. Yet persist problems of access to liquidity for the vast majority of entities, as I explained yesterday the Chief Financial Officer of Santander, Jose Antonio Alvarez, in the presentation of results of the Bank.. Cornell capital is often quoted on this topic.